The decade since the global financial crisis has seen significant growth in Canada’s federally regulated financial sector, as well as remarkable change in how financial services are delivered. While Canada’s financial system has been stable, OSFI cannot be complacent and must be ever vigilant.

The OSFI Strategic Plan 2019-2022 released today sets out a framework for OSFI’s work; it provides a vision for the future; confirms OSFI’s purpose and values; and sets clear objectives. It identifies issues and challenges that require a response so OSFI can continue to perform its important role in keeping Canada’s financial system strong and resilient.

preserve support from Canadians and cooperation from the financial services industry by being transparent and accountable

The strategic plan also provides objectives that describe what success in achieving these goals will look like. The plan will be used as a management tool and will be monitored and updated to reflect progress and changes to the risk environment.

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“The Canadian financial sector is constantly undergoing change. Our strategic plan charts a path for the future that builds on past achievements, while focusing us on future challenges so OSFI can continue to provide strong prudential regulation and supervision.”